Ask Question
Yesterday, 23:32

Morgan has an investment worth $30,000 dollars invested at 5% simple

interest. If no withdrawals or deposits were made, what is the balance

after 20 years?

O

$50,000

O

$45.000

$60,000

O

$80,000

+1
Answers (2)
  1. Yesterday, 23:38
    0
    it is the one with 60,000
  2. Yesterday, 23:40
    0
    in 20 years there would be 60,000

    Step-by-step explanation:

    So there is $3655.21 in the account after 4 years (where $3000 is invested at an interest rate of 5% each year and it's compounded semiannually).
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Morgan has an investment worth $30,000 dollars invested at 5% simple interest. If no withdrawals or deposits were made, what is the balance ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers